Magnera Corp Correlations
| MAGN Stock | 14.96 2.11 12.36% |
The current 90-days correlation between Magnera Corp placeholder and Eastman Kodak Co is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magnera Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magnera Corp placeholder moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Magnera Corp Correlation With Market
Very weak diversification
The correlation between Magnera Corp placeholder and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Magnera Corp placeholder and DJI in the same portfolio, assuming nothing else is changed.
Magnera |
Moving together with Magnera Stock
| 0.87 | CX | Cemex SAB de | PairCorr |
| 0.78 | DC | Dakota Gold Corp | PairCorr |
| 0.82 | DD | Dupont De Nemours | PairCorr |
| 0.66 | NB | NioCorp Developments | PairCorr |
Moving against Magnera Stock
| 0.38 | CF | CF Industries Holdings | PairCorr |
| 0.7 | CMT | Core Molding Technologies | PairCorr |
| 0.45 | FMST | Foremost Lithium Resource | PairCorr |
| 0.42 | FEAM | 5E Advanced Materials | PairCorr |
| 0.32 | ALB | Albemarle Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Magnera Stock performing well and Magnera Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Magnera Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAP | 2.63 | (0.13) | 0.00 | (0.14) | 0.00 | 5.47 | 22.72 | |||
| KODK | 2.78 | (0.08) | 0.00 | (0.13) | 0.00 | 5.20 | 15.44 | |||
| ZEUS | 1.95 | (0.02) | 0.00 | (0.11) | 0.00 | 3.32 | 13.58 | |||
| ODFL | 1.72 | (0.05) | 0.00 | (0.12) | 0.00 | 2.54 | 13.98 | |||
| CAH | 0.83 | 0.27 | 0.27 | 0.42 | 0.91 | 1.86 | 6.20 | |||
| LIND | 2.58 | (0.25) | 0.00 | (0.21) | 0.00 | 5.86 | 17.77 | |||
| POOL | 1.25 | (0.12) | 0.00 | 0.41 | 0.00 | 2.37 | 9.46 | |||
| SNCY | 2.53 | (0.27) | 0.00 | (0.25) | 0.00 | 5.02 | 15.02 |
Magnera Corp Corporate Executives
Elected by the shareholders, the Magnera Corp's board of directors comprises two types of representatives: Magnera Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Magnera. The board's role is to monitor Magnera Corp's management team and ensure that shareholders' interests are well served. Magnera Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Magnera Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Till | CFO VP | Profile | |
| Tarun Manroa | Executive COO | Profile |